October's First-Time Homebuyer Report for 11516 Zip Code

The 11516 zip code is much older than the rest of New York, with a median age of 35. It's very affluent as well, with a median income of $74,169 per household. The 11516 zip code market is mostly made up of detached homes, currently accounting for 69% overall. Heading the list of top schools in the zip code is Robert H Jackson Elementary School.

Price Range

Some of the more expensive homes in New York are in the 11516 zip code with a median home value of $469,500 and an average list price for available homes currently at $526,990. With four homes sold in the 11516 zip code market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with 12 new listings for buyers to choose from.

Out of all the listings in the 11516 zip code, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$369K   $299K   $648K  

Typical Dwelling

A four-bedroom detached home valued around $715,012 is considered a typical dwelling in the 11516 zip code. If a buyer was looking for a similar home, they would need good credit and a $143,002 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $4,515 and the property tax rate is $23.43 per $1,000 of taxable assessed value.

Get started right now by checking out 11516 homes for sale or reviewing 11516 real estate trends.

Data reported through 10/13/2016


Ask a local expert about this area:
Island Advantage Realty LLC
Snapped 3 homes in this area
Citywide Realty Group, Ltd
Snapped 1 home in this area

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